Just pay attention to the signs; if the company is moving into a new fiscal year and starting it off with travel limitations, operating expense limitations, and other restrictions it is a bad sign. Money is a tool needed to do your job, no money makes your job tough, performance suffer, profits suffer, rinse repeat. For me vp's perspective
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I'd recommend getting out of dodge. This is not a company interested in excellence of any kind. They cut deals with their software victims (hospitals that choose inferior because it's less expensive) and then ignore them once the paperwork is signed. It is not an ethical company in any sort of way. On the software end, they've off-shored a majority of jobs to india. The end result of that will be even more garbage in the applications. They're done as a software company.
If you were hired recently, you are very safe. The first wave of cost cutting was to eliminate any open positions. If people quit or retired, the position was eliminated. So, if you were hired recently, chances are your position is considered critical to the enterprise. Until it isn't....
My advice...stay, but understand that this is the culture of the company. Use McKesson to gain knowledge and experience. Be flexible and open to change, and other opportunities within the company. Take advantage of the learning resources on McKnet and build your skill sets. Keep your resume up to date and interview skills fresh. Have fun and enjoy your job, but don't become so attached (emotionally or financially) that's it's devastating if you are a part of a RIF later on. Use McKesson as much as they will use you.
Honestly, this is corporate America. I've seen it over and over again in various industries and companies. Capitalism is a great thing, but it does cut both ways.
If you are going to work in corporate America, expect it, prepare for it but don't fear it. Proper financial and career planning will help. Don't be a victim to the feel good "we are a family BS" that corporations spin.
It's all about profit. So, make that your MO as well - work hard, leverage the company's benefits to your profit, and constantly assess your options - only loyalty is to the bottom line.
You should stay if you want to learn how to mismanage a company to its demise. If you were hired into HR you'll get plenty of experience laying people off not much more.
@GsiFAUW-bte is correct. You'll get used to this, it's likely that you will know well ahead if you were to be on the chopping block.
The company is still good, but things like this will continue to happen, you need to build some tolerance and flexibility here. I am assuming that you are just starting, so it'll be easier on you (assuming just out of school, minimal spouse/kids responsibilities).
This all will become more difficult once you have more family responsibilities, assuming you'll buy a house, cars, etc. You'll depend on that income more than you do now - so, it'll hurt more. I kind of think in terms of 20K/month of job search. So if you are at 40K, it'll take you 2 months to find a job (varies by skills but that's your average) - so, the more time you spend, promotions, merits, etc. you'll be in a position that it's much harder to find a job.
That's my two cents - try to learn as much as you can and keep moving on. It's hard but you'll be fine...
Thanks for the information. Everyone keeps saying "this never happens", but everything I see on Glassdoor says otherwise. Perhaps this doesn't occur regularly in US Pharma? Either way no bueno..
They do this every March - So if you enjoy dealing with layoff stress once a year go ahead and stay.